Palisade Asset Management LLC Invests $202,000 in ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)

Palisade Asset Management LLC purchased a new position in shares of ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) in the 4th quarter, Holdings Channel.com reports. The fund purchased 3,100 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds have also modified their holdings of SMDV. Anchor Investment Management LLC bought a new position in ProShares Russell 2000 Dividend Growers ETF in the fourth quarter worth about $124,000. GPS Wealth Strategies Group LLC increased its position in ProShares Russell 2000 Dividend Growers ETF by 15.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 2,025 shares of the company’s stock worth $115,000 after buying an additional 270 shares during the period. J.W. Cole Advisors Inc. bought a new stake in ProShares Russell 2000 Dividend Growers ETF in the fourth quarter valued at $216,000. Citigroup Inc. grew its position in shares of ProShares Russell 2000 Dividend Growers ETF by 9.0% during the third quarter. Citigroup Inc. now owns 4,302 shares of the company’s stock worth $243,000 after acquiring an additional 355 shares during the last quarter. Finally, MWA Asset Management acquired a new stake in shares of ProShares Russell 2000 Dividend Growers ETF in the 3rd quarter worth about $253,000.

ProShares Russell 2000 Dividend Growers ETF Stock Up 0.4 %

BATS SMDV traded up $0.25 on Tuesday, hitting $63.39. The stock had a trading volume of 43,573 shares. The company’s 50-day moving average is $61.91 and its two-hundred day moving average is $61.09. The stock has a market cap of $773.36 million, a price-to-earnings ratio of 15.39 and a beta of 0.96. ProShares Russell 2000 Dividend Growers ETF has a one year low of $51.23 and a one year high of $58.30.

ProShares Russell 2000 Dividend Growers ETF Profile

The ProShares Russell 2000 Dividend Growers ETF (SMDV) is an exchange-traded fund that is based on the Russell 2000 Dividend Growth index. The fund tracks an index of US small-cap stocks with a 10-year record of increasing dividends. Stocks are equally weighted. SMDV was launched on Feb 5, 2015 and is managed by ProShares.